Rising prices are more of a threat to the global economy this year than joblessness, according to Bl…

Recent News

I am at the end of my understanding of the world and creditors’ games. The one moment the European Commission whispers to media ears, that it prepares a debt relief for Greece’ debt, the next moment, a financing mechanism from the same Europe, claims the opposite. “Greece has already received …

Greece will default the next day, if it fails to make the bundles payment to the IMF on June 3oth, Managing Director of the International Monetary Fund said on Thursday, dismissing rumors that the debt-ridden country would have a month of grace time. Greece will be in default with the …

The European Commission and the European Central Bank are reportedly working on a draft for a Greek debt relief, in an effort to break the impasse of bailout talks. According to an exclusive story of daily Kathimerini,the draft will be in form of a statement and thus only in case …

German Chancellor Angela Merkel sent a clear message to Greece: solidarity yes, but not without reforms. “Greece must proceed with reforms and implement the necessary reforms.” Merkel stressed again and again. In a government declaration at the German Parliament on Thursday morning, Merkel stressed that it is still possible for …

In April 2015 the Greek Parliament established the Truth Committee on Public Debt mandating the investigation into the creation and growth of public debt, the way and reasons for which debt was contracted, and the impact that the conditionalities attached to the loans have had on the economy and the population.The …

The governor of Central Bank of Greece, Yiannis Stournaras wrote his annual report and forwarded it to the Greek Parliament and Tsipras’ cabinet. In his 141-page report Monetary Policy 2014-2015, the former Finance Minister of Samaras-Venizelos government warned that Greece faces an “uncontrollable crisis”, if a deal cannot be reached …

Veteran politician of the Greek Left and WWII resistance fighter Manolis Glezos, 92, has reportedly submitted his resignation to the European Parliament. In a statement uploaded in his Movement of Active Citizens website, Glezos said that he is resigning from the EP and that his resignation will come into forces …

It was and still is a heavy accusation. European Commission President Jean-Claude Juncker accused Greek Prime Minister Alexis Tsipras of having twisted his words regarding proposals to solve the debt crisis and that he was “not telling the truth to the Greek people”. Juncker indirectly but clearly implied that the …

Greek Prime Minister Alexis Tsipras sharply criticized the country’s creditors on insisting to impose a “failed program” and accused the International Monetary Fund of “criminal responsibility for what has happened in the last 5 years.” Speaking to his own lawmakers in SYRIZA’s parliamentary group on Tuesday, Alexis Tsipras also accused …

The risk of capital controls is allegedly high as Greece rejects creditors’ absurd demands and dictates. The risk is considered “high” because the uncertainty pushes more and more savers to withdraw more and more money from the banks that on their part rely on Emergency Liquidity Assistance provided by the …

The bailout standoff between Greece and its creditors has reached an unprecedented escalation with the default clock ticking. Two weeks before the key €1.5-billion payment to the IMF on June 30th that threatens Athens with a “credit event”, the two sides do not seem able to reach an agreement that …

No deal, no money. No money, most probably no payment to the IMF. No payment to the International Monetary Fund could result into a “credit event” for Greece. But the debt-ridden country has additional financial obligations to meet in July and August. It has to repay €6.7billion for bonds held …